Common offshore tax misconceptions of UK resident and domiciled individuals

Often UK resident and domiciled individuals assume that income and gains received or held in offshore bank accounts or other structures, such as companies or trusts, are not subject to UK tax.

We investigate some of the common misconceptions and how to avoid them.

To find out more, please download our common offshore tax misconceptions flyer.

If you would like to discuss any concerns you may have and how these may be resolved to ensure compliance and provide peace of mind going forward, please contact Andrew Hinsley, Andrew Walker or your existing RSM contact.